Evonik realigns the TI division and its administration

Evonik is strategically realigning two major units to focus its resources even more intently on the operating businesses of its three growth divisions, said the company.

The Technology & Infrastructure (TI) division will be split into two units, each with different perspectives. In addition, the entire administration will be tailored to the needs of the operating businesses, following an extensive analysis.

"We have made great strides in transforming our portfolio toward specialty chemicals in recent years," says Chief Executive Officer Christian Kullmann. "Now we have to set up our infrastructure activities and our administration in a way that allows us to fully focus on what really differentiates Evonik from the competition: our operating businesses and their innovative strength, customer proximity, and sustainability."

The company plans to split TI into cross-site technology and site-specific infrastructure activities. This separation will enable a more differentiated management of the respective services, reduce TI's complexity, and better meet the distinct requirements of the technology and infrastructure activities.

The technology units possess unique specialist expertise in process technology, engineering, strategic energy management, and digitalization of production. This is where Evonik differentiates itself from the competition as a specialty chemicals company, as these units make important contributions to meeting ambitious innovation and sustainability targets.

We remind, Evonik is one step closer to its goal of closing the material cycle in the polyurethane industry: The company has joined forces with the REMONDIS Group, one of the world's leading recycling companies to secure the supply of end-of-life mattress foams.

mrchub.com

Indonesia's Kilang Pertamina Internasional, the refinery unit of state energy firm Pertamina, aims to finish revamping its petrochemical plant Trans-Pacific Petrochemical Indorama in the fourth quarter of this year, said Reuters.

TPPI's aromatic refining capacity will increase from 600,000 tonnes to 780,000 metric tons per year after the upgrade, chief executive Taufik Aditiyawarman told parliament on Tuesday.

The plant, located in Tuban, East Java, produces products like paraxylene, benzene and light naphta, among others.

Elsewhere in Tuban, Pertamina is building a new petrochemical plant with Russia's Rosneft.

The project is preparing for a final investment decision, Taufik said. The plant is expected to have a capacity of 300,000 tons.

We remind, Indorama Ventures Public Company Limited, one of the world’s largest producers of recycled Polyethylene Terephthalate (PET) resin, announced the completion of the expansion of its recycling facility in Brazil.

mrchub.com

Firefighters managed to put out a fire at Kuwait's Mina Al Ahmadi oil refinery with no injuries, state news agency (KUNA) said, adding that production and exports were unaffected, said Reuters.

Earlier on Friday, the Kuwait National Petroleum Co (KNPC) said in a post on messaging platform X that a fire broke out in the sixth district, unit No. 35 of the refinery.

We remind, Russian government has approved some changes to its fuel export ban, lifting the restrictions for fuel used as bunkering for some vessels as well as diesel with high content of sulfur. It also lifted restrictions on the export of fuel already accepted for export by the Russian Railways and Transneft before the initial ban had been announced last week. The ban on all types of gasoline and high-quality diesel remains in place.

mrchub.com

Indorama Ventures Public Company Limited, a global sustainable chemical company, today announces that it has recycled 100 billion post-consumer PET bottles since February 2011, said Hydrocarbonprocessing.

This has diverted 2.1 million tons of waste from the environment and saved 2.9 million tons of carbon footprint from the product lifecycles. Demonstrating its commitment to support the establishment of a circular economy for PET, in the last ten years Indorama Ventures has spent more than $1 billion towards waste collection of used PET bottles.

Mr. Aloke Lohia, Founder and Group CEO of Indorama Ventures said, “As we mark the recycling of 100 billion PET bottles, we want to thank consumers for recycling, and global brand owners for using recyclable and recycled packaging while also increasing collection rates. The scale of the waste challenge requires us all to do more, faster. In March 2020, we announced achieving the milestone of 50 billion PET bottles recycled in nine years. Today we hit the 100 billion mark in three and a half years.”

“By recycling post-consumer PET bottles into new bottles, we give waste an economic value. This drives improvements in waste collection systems, meaning less waste and a cleaner environment. In the last 10 years we have spent more than $1 billion towards waste collection systems for used PET bottles. We pledge to continue our long-term focus on circularity.”

The company has also committed a further $1.5 billion to expand its recycling business. To support increased recycling rates globally, Indorama Ventures has expanded its recycling facilities, infrastructure, and public education programs. The unique PET plastic used in soft drinks and water bottles is fully recyclable and is collected in practice and at scale. As a result, PET is the most recycled plastic in the world, and the company’s recycling achievements support that. Building on its position as the world’s largest producer of recycled resin used in plastic beverage bottles, Indorama Ventures is also seeking advanced technologies to deliver more recycling infrastructure globally and reduce lifecycle carbon emissions.

The company now has 20 recycling sites in Asia, the Americas, and Europe. Recent developments include doubling the capacity of a recycling site in Brazil; and the opening of PETValue, the largest bottle-to-bottle recycling facility in the Philippines, in partnership with Coca-Cola. Both part of a $300 million ‘Blue Loan’ Indorama Ventures received in 2020 from the International Finance Corporation (IFC), part of the World Bank, and Asian Development Bank. The loan has the objective of increasing recycling capacity and diverting plastic waste from landfills and oceans in Thailand, Indonesia, Philippines, India, and Brazil - countries seeking support in managing environmental waste. Indorama Ventures has also partnered with the Yunus Foundation, a leading non-profit organization promoting sustainable development with a global network, with the goal of educating one million consumers globally about recycling by 2030 with 200,000 reached so far.

We remind, Indorama Ventures Public Company Limited, one of the world’s largest producers of recycled Polyethylene Terephthalate (PET) resin, announced the completion of the expansion of its recycling facility in Brazil.

mrchub.com

Rohm‘s trademark for methacrylate monomers, MERACRYL®, stands for high-quality products, supply reliability and excellent customer service. At EPCA 2023, Rohm is launching a resource-saving alternative to their long-established methyl methacrylate (MMA), said the company.

For MERACRYL® proTerra MMA, 30 percent fossil raw materials are substituted by sustainable raw materials from circular, recycled or biogenic sources, certified by the International Sustainability and Carbon Certification ISCC PLUS. The product’s carbon footprint is reduced by 25 percent. Rohm guarantees the same specifications, quality and reliable processes.

“We are looking forward to meet our customers and industry partners at this year’s EPCA”, states Hans-Detlef Luginsland, Senior Vice President Bulk Monomers. “As European producer we are thrilled to provide a sustainable solution to our customers to support their sustainability goals. EPCA is a great opportunity to discuss the industry transformation towards sustainable and green solutions in the methacrylates industry.”

Sustainability is an integral part of Rohm’s global business strategy. By the year 2050, Rohm aims to become climate-neutral by eliminating greenhouse gas emissions. A first milestone on this path is the “Track 2030” initiative with the goal of significantly reducing carbon dioxide emissions, resulting from the production or sale of Rohm products. The company has set itself an ambitious goal with the target of 30 percent per ton compared to 2020.

Rohm’s proTerra brand suffix is the quality seal for sustainable products and services that were made from sustainable raw materials, make a significant contribution to promote the circular economy and that save resources, such as raw materials, energy or water.

We remind, Rohm has spent the past 18 months on, among other things, the construction of a new innovation centre at its site in Worms, Germany. The project has now been finished and the new centre was festively opened during a ceremony attended by the managing partners of the Thelen Group, the real estate investor and general contractor for the project, and invited guests.

mrchub.com